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CNNC INTERNATIONAL LIMITED 中核國際有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 2302)
This announcement is made by CNNC International Limited (the "Company", together with its subsidiaries shall be referred to as the "Group") pursuant to Rule 13.09 (2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
The board of directors (the "Board") of the Company is pleased to inform the shareholders of the Company (the "Shareholders") and potential investors that, based on a preliminary review on the unaudited consolidated management account for the year ended 31st December, 2018 (the "2018 Year") of the Group and information presently available to the Board, the Group is expected to record a significant increase in revenue generated from the business of trading of natural uranium, electronics and other products of the Group for the 2018 Year as compared to the revenue for the corresponding period in 2017 (the "2017 Year"). The Group is also expected to record a significant increase in net profit for the 2018 Year as compared to the 2017 Year primarily due to the write-back of a tax provision in the People's Republic of China which were provided in previous years and the increase in gross profit generated from the trading business of the Group in the 2018 Year.
The information contained in this announcement is only a preliminary assessment by the management of the Company based on the informationcurrently available to the Group, and is not based on any figures or information which has been audited or reviewed by the auditors. Shareholders and potential investors should refer to the announcement of the annual results of the Group for the 2018 Year which is expected to be released before the end of March 2019, and the subsequent publication of the Group's Annual Report 2018.
Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.
By order of the Board CNNC International Limited
Li Philip Sau Yan Company Secretary
Hong Kong, 12th March, 2019
As at the date of this announcement, the Board comprises non-executive director and chairman, namely Mr. Yang Chaodong, executive director and chief executive officer, namely Mr. Bai Donghai, non-executive director, namely, Mr. Li Zhihuang and independent non-executive directors, namely, Mr. Cheong Ying Chew Henry, Mr. Cui Liguo and Mr. Zhang Lei.